0
📈 Price Predictions
1668 views

EOS Price Prediction — Can the Coinbase Listing Keep EOS in the Top 5?

  • Denys Serhiichuk
    📈 Price Predictions

    Can EOS be an attractive investment asset among other coins? Our price prediction analyses its rate movements and potential further growth


EOS Price Prediction — Can the Coinbase Listing Keep EOS in the Top 5?

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Although the price of EOS corrected as other coins; however, the decline was not so deep - the quotes dropped by around 4%, which is the least index among other top digital assets.

Top cryptocurrency data by CoinMarketCa

There may be fundamental reasons for such a relative decline.

Back in March, EOS technical director Dan Larimer reported on an important event in Washington D.C. scheduled for June 1.

There are several options of what to expect: from the roadmap to the release of new trademarks, updating release cycles and codes for the wallet.

👉MUST READ

EOS Price Analysis: How Much Might EOS Cost in 2018, 2020, 2025?

EOS Price Analysis: How Much Might EOS Cost in 2018, 2020, 2025?

It terms of the recent news, EOS has become available on Coinbase. The customers of the exchange can buy, sell, convert, send, receive, or store EOS.

If at the beginning of the year, EOS trading volumes were estimated at $630 Mln, now this figure is much higher - about $5.5 Bln.

The coin is located on the 5th line in the ranking of the most popular and sustainable cryptocurrencies with a capitalization of $7.1 Bln by the end of May.

EOS/USD chart by TradingView

EOS had started to grow actively since February 2019, when an uptrend channel was formed on the cryptocurrency chart.

On the 4-hour graph, the coin has entered even the stronger bullish momentum since May 10. However, the price will not go up all the time, which is confirmed by the bearish MACD indicator.

Taking into account these events, the price is likely to fluctuate near the resistance at $8 till the mid-June.

EOS/USD chart by TradingView

On the daily time frame, the scenario remains positive, as the quotes are unlikely to reach the bottom level (end of November - mid-February). The previous level at $10 bulls reached on June 20, after that there was a price decline lasting for 161 days.

👉MUST READ

EOS Price Prediction: +50% Growth and $8 Value Before July. EOS Smashes Resistance to Atoms!

EOS Price Prediction: +50% Growth and $8 Value Before July. EOS Smashes Resistance to Atoms!

If we apply the current pattern today, traders and investors may expect the price back at $10 at the end of July 2019. The MACD indicator also confirms such a course of events.

The price of EOS is trading at $7.81 at the time of writing.

Cover image via www.freepik.com
In this Telegram channel you’ll find fresh news, interviews, infographics, forecasts & other helpful stuff. Join U.Today's channel.

About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings